Stocks Drop, Bitcoin Slides in Poor December Start: Markets Wrap
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(Bloomberg) — Global stocks fell and cryptocurrencies slumped, signaling risk aversion ahead of a slew of US economic data this week even as bets for a December Federal Reserve interest-rate cut remain firm.
Italy’s Borromeo Family Lists Islands to Rival Lake Como
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(Bloomberg) — Italy’s Borromeo family is listing a company managing real estate sites including a group of islands on Lake Maggiore, aiming to turn the area into a tourism and business hub to rival nearby Lake Como.
Stocks Rise After CME Mess, Erasing November Loss: Markets Wrap
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(Bloomberg) — US stocks advanced in thin trading after a technical outage at the Chicago Mercantile Exchange disrupted premarket activity. Bonds edged lower.
Tattoo Ink Moves Through the Body, Killing Immune Cells and Weakening Vaccine Response
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(Bloomberg) — Tattoo ink doesn’t just sit inertly in the skin. New research shows it moves rapidly into the lymphatic system, where it can persist for months, kill immune cells, and even disrupt how the body responds to vaccines.
CDS Payout Uncertainty Is Pushing Investors Out of Ardagh Trade
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(Bloomberg) — Uncertainty over the rules governing the payout of credit default swaps has sown confusion among traders ahead of a potential settlement tied to Ardagh Group SA, the Irish glass bottle and packaging maker.
Julius Baer Board Quizzes CEO Bollinger Over Low Staff Morale
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(Bloomberg) — Julius Baer Group Ltd. Chief Executive Officer Stefan Bollinger was questioned by the bank’s board of directors over negative feedback in an internal employee survey, underlining the headwinds he’s facing in his bid to turn the lender around.
Switzerland’s Export Woes Hit Economy Before Trade Deal
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(Bloomberg) — Switzerland’s first quarter of contraction in more than two years was driven by trade as pharmaceutical and chemicals exporters reeled from the impact of outsized US tariffs.
US LNG Exports at Record High Just in Time for Winter Demand
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(Bloomberg) — US liquefied natural gas exports are set to hit a record high this month, helping to tame prices in Asia and Europe as winter begins.
Global Stocks Hold Steady After Four-Day Rally: Markets Wrap
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(Bloomberg) — A gauge of global equities held firm after four days of gains, following a recovery fueled by bets that the Federal Reserve will cut interest rates faster than previously thought.
Tech Stocks Lead as Rate-Cut Bets Keep Rally Alive: Markets Wrap
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(Bloomberg) — Tech stocks led the climb in US equities as rising expectations for interest-rate cuts helped carry traders’ newfound optimism into the Thanksgiving break. The dollar slumped.
Trader Accused by Trafigura Says There Was ‘No Deception’
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(Bloomberg) — Prateek Gupta, the man who Trafigura Group says defrauded it of almost $600 million in an enormous nickel scam, said that executives at the trading house were aware many of the cargoes shipped to it did not contain the goods they were supposed to.
Adecco Slumps 10% After Investor Update Raises Payout Doubts
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(Bloomberg) — Adecco Group AG’s stock plummeted 10% after the company presented a new strategy at its capital-markets day that disappointed investors.
Swiss Government Rejects PE Titans’ Bid to Block EU Deal
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(Bloomberg) — Switzerland’s government called on voters to reject a campaign backed by the founders of Partners Group, which aims to prevent a broad deal to revamp relations with the European Union taking effect.
Swiss Pledge Almost $400 Million to Guard Schengen Borders
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(Bloomberg) — Switzerland will back the planned increase of a European fund for protecting the borders of the Schengen bloc, boosting its overall contribution to about 315 million francs ($390 million).
US Stocks Climb for Third Day; Treasuries Rally: Markets Wrap
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(Bloomberg) — US stocks ended Tuesday’s session higher, with traders reloading wagers on an interest-rate cut next month while the latest AI advances drove Big Tech valuations.
Syngenta Is Said to Mull Hong Kong IPO After Shanghai Pulled
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(Bloomberg) — Syngenta Group is considering an initial public offering in Hong Kong, according to people familiar with the matter, more than a year after it withdrew a plan for a $9 billion listing in Shanghai.
S&P 500 Posts Best Day in Six Weeks; Bitcoin Rises: Markets Wrap
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(Bloomberg) — Technology stocks propelled an advance in global equities as traders kicked off a data-packed week more optimistic that the Federal Reserve will cut interest rates in December.
Credit Suisse Fails to Topple $600 Million Rogue-Banker Bill
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(Bloomberg) — A Credit Suisse unit in Bermuda lost its UK court fight to topple a $600 million damages award to sanctioned Georgian tycoon Bidzina Ivanishvili.
